Question: 8 Multiple Choice 3 points On January 1 , Year 1 , Kordner Company issued a $ 2 0 , 0 0 0 face value

8
Multiple Choice
3 points
On January 1, Year 1, Kordner Company issued a $20,000 face value bond that sold for 110. The bond had a ten-year term and a stated annual interest rate of 8%. The straightline method of amortization is used. The carrying value of the bond liability on January 1, Year 1, would be
$22,000.
$20,000.
$21,800.
$20,800.
8 Multiple Choice 3 points On January 1 , Year 1

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